Why we need more banks, not bigger ones

Why we need more banks, not bigger ones

By Don Richards, National Spokesperson for Positive Money New Zealand This opinion piece was first published in the NZ Herald on 9 April 2024. In its draft report on banking, the Commerce Commission highlighted Kiwibank’s potential to be a challenger bank to the...
Funding option for harbour tunnels overlooked

Funding option for harbour tunnels overlooked

The Prime Minister says that all funding options will be considered for the three proposed Auckland Harbour tunnels. But the option that entails no tolling, borrowing or public-private partnerships is being ignored. Our Reserve Bank could create the money in much the...
Budget 2023 another missed opportunity

Budget 2023 another missed opportunity

Our 2023 “no frills” or “no thrills” budget is yet another missed opportunity that will consign the country to more debt. Few can argue against the need to fund infrastructure and resilience ($6 billion) and public housing ($3 billion) but the downside is that other...